Select Branch for State Bank Of India in Patna, Bihar
Choose a branch to view IFSC code and details
A.g. Colony, Patna
SBIN0014670
HOUSE OF SRI BMK SINHA, RADHIKA COMPLEX, A.G. COLONY, MAIN ROAD, PATNA, BIHAR800023
Adb Barh
SBIN0004922
POBARH
Agamkuan
SBIN0007878
BIHAR, PIN - 8000007
Aiims Campus Patna
SBIN0064821
AIIMS PATNAPHULWARISHARIFPATNA 801507
Aiims Phulwarisharif
SBIN0017167
RAINDRA COMPLEX,NAWADA MORE,AIIMS RD,PHULWARISHARIF,PATNA.BIHAR 801505
Air Force Station Bihta
SBIN0017425
AIR FORCE STATION CAMPUS,BIHTA,VILLAGE DEVKULI,BIHTA,DISTT.PATNA.BIHAR 801105
AkhtiyarPur
SBIN0006377
DIST PATNA,BIHAR 848111
AliPur
SBIN0008129
PONASARPURA,DT,PATNA,BIHAR
Amy Bihta
SBIN0006359
DIST PATNA, BIHAR 801103
Amy Fatwah
SBIN0006358
GOVINDPUR KURTHA, FATWAH, DT PATNA, BIHAR 803201
Amy,katra Bazar
SBIN0007879
P.O.KATRA.BAZAAR,PATNA,PIN.0
AnandPuri
SBIN0009002
WEST BORING CANAL ROAD,PATNA,BIHAR,PIN 800001
Anisabad,patna
SBIN0009003
PATNABIHARPATNA, BIHAR , PIN - 800002
Ans College Barh
SBIN0018552
ATANS COLLEGE BARH,INFRONT OF GENERAL HOSPITAL, BARH, DIST.PATNA,BIHAR- 803213
Arap
SBIN0006378
DIST.PATNASTATE.BIHARPIN.801104.
Ashiana Nagar
SBIN0009004
PATNAPHASE-1PATNA, BIHAR , PIN - 800025
Ashok Rajpath, Patna
SBIN0031002
ASHOK RAJPATH, PATNA 800004
Athmalgola
SBIN0005784
POATHMALGOLA
Aunta
SBIN0006612
P O MOKAMEHA GHAT
BahadurPur
SBIN0010354
POBAHADURPURPATNA
Bailey Road
SBIN0006379
DIST PATNA, BIHAR 800015
BakhtiyarPur
SBIN0002908
DIST PATNA, BIHAR 845101
Bankaghat
SBIN0006380
POKACHCHI DARGAH,DISTT PATNA,BIHAR 803201
Barh
SBIN0000026
PATNA BIHAR 803213
BeaPur
SBIN0064809
KV COMPLEXGATE NO 1PO PS BEAPUR,PATNA 801503
Beur
SBIN0061445
SMRITI,KRISHNA BIHAR COLONY,NEAR SUPREME FURNITURE,BEUR,PATNA - 800002
Bhaiswan
SBIN0008130
DIST PATNA,BIHAR
Bhikhnapahari, Patna
SBIN0003561
BHIKHANAPAHARI,PATNA,BIHAR,PIN 800006
Bihar Veterinary College Complex
SBIN0009006
PHULWARI SHARIFT. PATNABIHAR 801505
Bihta
SBIN0001217
DIST PATNA BIHAR 801100
Bikram
SBIN0012587
BLOCK ROAD,NEAR MAGAHIYA PUSTAK BHANDAR,BIKRAM,PATNA,DIST PATNA 801104
Boring Canal Road, Patna
SBIN0006551
EAST BORING CANAL ROAD PATNA, BIHAR ,PIN - 800001
Boring Road
SBIN0001435
DIST PATNA, BIHAR 800001
Bseb Patna
SBIN0001215
FRASER ROAD WEST OF AIR STN PATNA, BIHAR 800017
Cb Patliputra
SBIN0009600
7 , PATLIPUTRA COLONY ,PATNABIHAR , PIN - 800013
Ccpc, Patna
SBIN0010408
PATNA BIHAR
Centralised Agri Processing Centre, Patna
SBIN0080108
5 TH FLOOR,ADMINSTRATIVE OFFICE J C ROAD,PATNA 800001
Chak Jalal
SBIN0017132
CHAK JALAL,BLOCK PANDARAK,VIA BARH,DISTT.PATNA.BIHAR 803213
Chanakya Law College
SBIN0015996
IN THE HOUSE OF VIDYA NANA SINGH, NEW VIGRAHPUR, NEAR BUS STAND, DISTT. PATNA. BIHAR 800001
Chauhatta
SBIN0003113
ASHOK RAJ PATH,PATNA,PATNA PATNA,BIHAR 800001
Cppc Patna
SBIN0004476
301, ABHISHEK PLAZA, EXHIBITION ROAD, DISTT. PATNA, BIHAR 834 001
DanaPur
SBIN0001254
DISTPATNA BIHAR 801503
DanaPur Bazar
SBIN0017466
VIJAY KUMAR JAISWAL,GANDHIPATH,TAKIYAPAR,DIGHA,PS DANAPUR,PATNA.BIHAR 800012
DanaPur Cantonement
SBIN0010396
DANAPUR CANTONEMENT, DANAPUR, DIST PATNA 801503
Daniawan
SBIN0014311
ATPO BHAGAT MARKKET, MAIN ROAD, DANIAWAN 801304
DariyaPur Gola
SBIN0007877
SABZIBAGH,PATNA,PIN.800004
Dhobaha Bazar
SBIN0065057
GROUND FLOOR IN THE COMPLEX OF MAHAVIR ELECTRONICS,MAIN ROAD DHOBAHA BAZAR,POST AND P.S DHOBAHA BAZAR,DISTRICT BHOJPUR ( ARRAH ) PIN CODE 802156
Digha
SBIN0003559
P.O.-BATAGANJ, PATNA, BIHAR 800 012
Document Archival Centre, Patna
SBIN0012683
DOCUMENT ARCHIVAL CENTRE,PATNA,ADMINISTRATIVE OFFICE,J C ROAD,PATNA,DIST PATNA 800001
Doman
SBIN0008386
DIST PATNA,BIHAR
Dr B R Ambedkar College
SBIN0017483
DR B.R.AMBEDKAR DENTAL COLLEGE,HARIOM NAGAR,NEW BAILEY ROAD,PO RAMJAIPAL NAGAR,PATNA.BIHAR 801503
Drm Office, Khagaul
SBIN0015923
ANANDENCLAVE HO SRI ASHOK KUMAR SINHACANTT ROADRAMPUR GARIKHANAPOKHAGAULPATNA BIHAR801105
Dulhin Bazar
SBIN0012584
DULHIN BAZAR,P.O BELHOURI,BLOCK DULHIN BAZAR,DULHIN BAZAR,DISTT.PATNA.BIHAR 801102
Dumri
SBIN0015599
AT DUMRI IN HOUSE OF SRI JAMUNA SINGH , PO DUMRI, BLOCK FATWAH, DIST PATNA, BIHAR 803201
Exhibition Road Patna
SBIN0003475
DISTPATNA BIHAR 800001
Fraser Road
SBIN0003476
SHAHI COMPLEX, 1ST FLOOR,NEW DAKBUNGLOW ROAD,PATNAPATNA, BIHAR ,PIN-800001
Fslo Patna
SBIN0004068
DIST,PATNASTATE,BIHARPIN,800001,
Gardanibagh
SBIN0003518
PATNA BIHAR
Garhani
SBIN0011806
GARHANI,AT GARHANI,PO GARHANI,DISTPATNA 802203
Ghoshwari
SBIN0012585
DHANKOVE,GHOSHWARI MOKAMA,PS GHOSWARI,PATNA,DIST PATNA 803302
Gola Road Patna
SBIN0017469
GOLA ROAD,NEAR GURUKUL SCHOOL,MAIN GOLA ROAD,PS DANAPUR,PO DANAPUR CANTT,DISTT.PATNA.BIHAR 801503
Govind Mitra Road, Patna
SBIN0012579
JAI MARKET OPP CANARA BANK,GOVIND MITRA ROAD,PATNA,DISTPATNA 800001
Gulzarbagh
SBIN0001496
DISTPATNA BIHAR 800007
Hajiganj
SBIN0001234
PATNA,STATE BIHAR,PIN 800008
Hanuman Nagar
SBIN0009005
SHANKER MARKET PATNA BIHAR
Harnaut
SBIN0012594
PATNA RANCHI ROAD,OPPOSITE GONAMA ROAD,HARNAUT,DISTPATNA 803110
HasPura
SBIN0064828
GREEN HOUSE BUILDING,KANAP ROAD NEAR PATEL CHOWK,HASPURA PO& PS-HASPURA DISTRICT - AURANGABAD,BIHAR PIN-824120
Hathidah Bujurg
SBIN0017168
IN THE HOUSE OF DHIRENDRA PRASAD SINGH,HATHIDAH,BESIDE BATA COMPANY,PATNA,DISTT.PATNA.BIHAR 803301
Ifb Patna
SBIN0006540
NARAIN HOUSE, NAGESHWAR COLONY, BORING ROAD PATNA ,PIN - 800001
Igims
SBIN0007945
SHEIKHAPUR BAGICHA, P.O.B V COLLEGE, PATNA ,PIN - 800014
Iit Bihta
SBIN0017164
IIT BIHTA CAMPUS, ADMINISTRATIVE BUILDING, AMHARA, PS-BIHTA, DISTT-PATNA, BIHAR-801103
J.d.women's College, Patna
SBIN0010404
J D WOMEN S COLLEGE, PATNA 800023
Jagdeo Path
SBIN0015997
PARTHA ASTHA, BESIDES SBI COLONY, KHAJPURA, BAILEY ROAD, JAGDEO PATH CHOWK, DIST PATNA, BIHAR 800014
JagdishPur
SBIN0012535
BALUWACHAK,THANA JAGDISHPUR,DISTBHAGALPUR813105
Judges Court Rd
SBIN0001233
JUDGES COURT RD, PATNA, BIHAR 800001
Kadamkuan
SBIN0001561
SHASHI PLACE, NALA ROAD KADAMKUAN PATNA, BIHAR 800004
Kankarbagh
SBIN0001389
P.O.-KANKERBAGH, PATNA, BIHAR
Kankarbagh Residential Colony
SBIN0003564
TEMPO STAND KANKAR BAGH PATNA BIHAR 800020
Karmalichak Patna
SBIN0017467
H BY O DHARAMVEER SINGH,KARMALICHAK,AT KARMALICHAK,PO BEGUMPUR,DISTT.PATNA.BIHAR 800009
Karpi
SBIN0065130
AT - SAHU MARRIAGE HALL,NEAR KARPI THANA,WARD NO - 03,IMAMGANJ-MAHENDIA ROAD AT PO - KARPI PS - KARPI DISTRICT-ARWAL,BIHAR PIN 804419
Karpoori Thakur Sadan
SBIN0018105
GROUND FLOOR, KARPOORI THAKUR SADAN, COMBINED BUILDING, ASHIANA-DIGHA ROAD, PATNA. BIHAR-800025
KarpooriGram
SBIN0018420
ADMINISTRATIVE OFFICE, PODDAR COMPLEX, CLUB ROAD, PO- RAMNA, MUZAFFARPUR-842002
Khagaul
SBIN0004576
DT PATNA, BIHAR PIN 801 105
Khemnichak
SBIN0016611
IN THE HOUSE OF SHRI RAMJI PRASAD S/O LATE TEK NARAYAN MAHTO, AT KHEMNICHAK, PO NEW JAGANPURA, PATNA, DISTT.PATNA. BIHAR 800027
KhusruPur
SBIN0005903
POKHUSRUPUR
Ksdsu Campus
SBIN0002955
P.O.K.S.D.SANSKRIT.UNIV.CAMPUS,DARBHA,DARBHANGA,BIHAR
Kurji,patna
SBIN0003500
PATNA,INDUSTRIAL ESTATE ROADPATNA, BIHAR ,PIN-800010
Lai
SBIN0006381
DIST,PATNASTATE,BIHARPIN,801112,
Lcpc Patna
SBIN0015162
SITA PALACE, OPP. LEADER AUTOMOBILES, NEW BYE PASS ROAD, KHEMNI CHAK, HANUMAN NAGAR, P.O. NEW JAGANPURA,PATNA 800026
Magadh Colony Gaya
SBIN0064820
ROAD NO.03 MAGADH COLONY,GAYA DISTRICT GAYA-823001
Mahatma Gandhi Nagar, Kanti Factory Road
SBIN0061447
M. G . NAGAR, KANTI FACTOTY ROAD, PATNA, PIN 800020
Mahendru
SBIN0003129
PATNA ASHOK RAJPATH PATNA PATNA,BIHAR 800001
Maner
SBIN0012590
AJAY MARKET, NH 30, OPPOSITE BSNL EXCHANGE, AT PO PS MANER, DISTT.PATNA. BIHAR 801108
Marufganj
SBIN0003328
PATNA, BIHAR, PIN 800008
Masarhi
SBIN0016974
IN THE HOUSE OF RAJIV SINGH S/O LATE AWADESH KUMAR SINGH, AT AND PO MASARHI, BLOCK FATWAH, DIST PATNA, BIHAR 803201 MOB 8578805212
Masaurhi
SBIN0004708
DIST PATNASTATE BIHARPIN 804452
Masaurhi Bazar
SBIN0018600
SHANTI COMMERCIAL COMPLEX, SATI ASTHAN, MASAURHI, PALIGANJ ROAD, MASAURHI, DIST.PATNA, BIHAR-804452
Maurya Lok Complex
SBIN0007506
DAK BUNGALOW ROAD, PATNA, BIHAR STATE, PIN 800 001
MithaPur
SBIN0001511
DIST PATNA STATE BIHAR PIN 800001
Mokama
SBIN0000135
DIST PATNA, BIHAR 803302
Nadaul
SBIN0017421
FIRST FLOOR, MEENA KUNJ, POST-NADAUL, PS-MASURHI, DIST.PATNA, BR-804454
Nagwa
SBIN0006382
DIST PATNA,BIHAR 801109
Nanmuhiyan
SBIN0018821
AZAD LANE,CHAUDHRY TOLA,NANMUHIAN, MAHENDRU, DIST.PATNA, BR- 800006
Narauli
SBIN0018438
VILLAGE BENIPUR,POST- KARAUTA, PS-SALIMPUR, DIST.PATNA, BIHAR- 803202
Narghoghi
SBIN0065033
AT-SUBHASH CHOWK,NARGHOGHI,PO-RAMCHANDRAPUR,DISTT SAMASTIPUR,STATE-BIHAR,PIN-848127
NaubatPur
SBIN0051326
LAKSHAN MARKETKHAGAUL ROADNAUBATPURPATNABIHAR 801109
New Market , Patna
SBIN0003477
BUDHA MARGPATNAPATNA, BIHAR ,PIN-800001
Niyojan Bhawan
SBIN0018815
NIYOJAN BHAWAN, NEAR INCOME TAX GOLAMBER, BAILY ROAD, PATNA, DIST.PATNA, BIHAR- 800001
Nmcc Patna
SBIN0005331
NALANDA MEDICAL COLLEGE CAMPUS, PATNA, BIHAR, PIN - 800020
Ntpc Campus, Barh
SBIN0010085
STP PROJECT PO- BARH PATNA DISTRICT
Oad,lho, Patna
SBIN0003978
DIST,PATNASTATE,BIHARPIN,800001,
Pahari, Nh Thirty Three
SBIN0061446
PAHARI,JAKARIAPUR,NEAR KRISHNA NIKETAN SCHOOL,PATNA,PIN CODE 800020
Paliganj
SBIN0007116
DIST PATNA, BIHAR 801110
Paltu Chhitini
SBIN0015598
DHOBIA KALAPUR DISTT PATNA 801111
Pandarak
SBIN0012581
S BY O LATE GOPAL SHARAN SHARMA,PANDARAK,DISTPATNA803213
Pani Tanki More
SBIN0016612
SATYASHRI, BORING PATLIPUTRA ROAD, OPPOSITE CISF OFFICE, NEW PATLIPUTRA, DISTT.PATNA. BIHAR 800013
Patliputra
SBIN0001513
DISTPATNA BIHAR 800013
Patna City
SBIN0001423
CHAMDORIA HOUSE PATNA PIN 800008
Patna Main
SBIN0000152
WEST OF GANDHI MAIDAN, PATNA-800001
Patna Sectt
SBIN0000153
DISTPATNA BIHAR 800015
Pbb BhagwatNagar
SBIN0017484
IN THE HOUSE OF SMT.SUSHILA PRASAD,MADHUSHILA BHAWAN,NAYATOLA,KUMBHARAR,DISTT.PATNA.BIHAR 800026
Pbb Kankarbagh, Patna
SBIN0004445
H-29 DOCTORS COLONY, KANKARBAGH,PATNA ,BIHAR ,PIN - 800020
Pbb Patna
SBIN0004142
S.K.PURI,BORING ROAD,6B,SAHADEO MEHTA MARG,PATNA, BIHAR ,PIN-800001
Phulwarisharif
SBIN0012591
SHANTI GUEST HOUSE,OPP BLOCK OFFICE,PHULWARISHARIF,DISTPATNA801505
Piplawan
SBIN0017165
VILLAGEPIPLAWA, POSTADAMPUR, VIA NAUBATPUR, PS NAUBATPUR, DISTT.PATNA. BIHAR 801109
Postal Park, Patna
SBIN0018098
POSTAL PARK ROAD HOUSE OF SMT. SHANTI DEVI, PATNA,DIST.PATNA, BIHAR-800001
Punpun
SBIN0012586
HOUSE OF SRI BIRENDRA KUMAR SINGH, STATION ROAD, PUNPUN, DISTT.PATNA. BIHAR-804453
R Block, Patna
SBIN0031501
CHANAKYA PALACE, PATNA 800001
R K Puram Branch
SBIN0061449
STATE BANK OF INDIA,R K PURAM BRANCH,1ST FLOOR,BINDESWARI PALACE,DANAPUR KHAGUAL MAIN ROAD,NEAR R K PURAM GATE,PATNA DIST - PATNA.PIN-801503
Raj Bhawan, Patna
SBIN0006917
RAJBHAWAN CAMPUS, RAJBHWAN, PATNA, BIHAR ,PIN - 800022
Rajabanshi Nagar
SBIN0003115
RAJBANSHI NAGAR, ROAD NO.1, PATNA ,BIHAR, PIN 800015
RajaPur
SBIN0003454
PATNA, BIHAR
Rajendra Nagar
SBIN0001662
RAJENDRA NAGAR PATNA BIHAR
Rajiv Nagar
SBIN0010397
RAJIV NAGAR MAIN ROAD PATNA 800024
RamkrishnaNagar
SBIN0015605
KAMLESH MARKET, NEW BYE PASS ROAD,PO NEW JAGANPURA, RAMKRISHNANAGAR,DISTT. PATNA. BIHAR8000027
Rarb Patna
SBIN0004443
SBI PATNA MAIN BRANCH GANDHI MAIDAN
Rbo Patna West
SBIN0018152
5THFLOOR,SBIBUILDING,JUDGESCOURTROAD,DIST.PATNA,BIHAR800001
Rboi Patna
SBIN0013722
RBO REGION I PATNA,ADMINISTRATIVE OFFICE,J C ROAD,PATNA,DIST PATNA 800001
Rboii Patna
SBIN0013723
RBO REGION II PATNA,ADMINISTRATIVE OFFICE,J C ROAD,PATNA,PATNA,DIST PATNA 800001
SabalPur
SBIN0016975
IN THE HOUSE OF SRI BAIJ NATH SINGH, AT AND POST SABALPUR, PS DIDARGANJ, DISTT.PATNA. BIHAR 800009
Sabnima
SBIN0012580
SABNIMA,C BY O BABLU KUMAR,S BY O LATE SMT MALTI DEVI,SABNIMA,DISTPATNA 803212
Saguna
SBIN0011675
RPS MORE WEST OF BAILEY ROAD,PODANAPUR CANTT,DISTPATNA801503
Sai
SBIN0006383
POHAZARAT SAI,DT PATNA,BIHAR 804451
Sampatchak
SBIN0012588
IN FRONT OF POLICE STATION,SAMPATCHAK,DISTPATNA800007
SandalPur
SBIN0016613
IN THE HOUSE OF SMT.KANTI DEVI W/O LATE SRI CHANDRA SARAF, KANTISHRI BHAVAN, SANDALPUR ROAD, DISTT.PATNA. BIHAR 800006
Sarasat
SBIN0008131
DIST.PATNASTATE.BIHAR
Saray
SBIN0006384
SARAY
Sarc Patna
SBIN0005176
SARC PATNA
Scb, Dakbunglow, Patna
SBIN0004232
SPLD COMM BR, PATNA3RD FLOOR, GOVIND BHAWAN, DAKBUNGLOW RDPATNA ,PIN-800001
Service Branch Patna
SBIN0009933
WEST GANDHI MAIDAN, PATNA, BIHAR 800001
ShahjahanPur
SBIN0008395
DIST PATNA,BIHAR
ShivPuri,patna
SBIN0018099
HOUSE NO01 OPPOSITE RAILWAY CROSSINGS ATSHIVPURI POPSSHASHTRINAGAR PATNA BIHAR800023
Shrikrishna Puri
SBIN0003114
SRI KRISHNAPURI, PATNA, BIHAR,800001
Sme Kankarbagh Branch
SBIN0063663
STATE BANK OF INDIA, SME KANKARBAGH BRANCH, MAIN ROAD KANKARBAGH, CHANDRAGUPT PATH, PATNA 800020
Sonmai
SBIN0008473
DIST PATNA,BIHAR
Spb Branch Patna
SBIN0004070
WEST GANDHI MAIDAN, PATNA, BIHAR
Specialised Currency Administration Branch, Patna
SBIN0014388
SPECIALISED CURRENCY ADMIN BRANCH,PATNA,MAIN BRANCH BUILDING,PATNA,DIST PATNA 800001
Specialized Nri Branch
SBIN0016231
1ST FLOOR, GUINEA MOTORS PVT LTD,WEST BORING CANAL ROAD, DIST. PATNA,BIHAR 800001
SrikrishnaNagar, Patna
SBIN0003560
SHRIKRISHNANAGARM-6SHRIKRISHNANAGAR MAIN ROADPATNA ,PIN-800001
Ssi Patna
SBIN0004386
3RD FLOOR ABHISHEK PLAZA, EXHIBITION ROAD, PATNA, BIHAR, PIN 800001
Tekari
SBIN0011807
TEKARI GAYA,P.O.TEKARI,DISTT.GAYA,DISTPATNA 824236
Transport Nagar, Patna
SBIN0018822
TRANSPORT NAGAR, P.O BAHADURPUR HOUSING COLONY, DISTT. PATNA, PATNA - 800026
Zonal Inspection Office, Patna
SBIN0009282
5TH FLOOR,SONE BHAWAN,BIRCHAND PATEL PATH,PATNA
Zonal Office Patna
SBIN0006732
DIST PATNASTATE BIHARPIN 800001
What are State Bank Of India IFSC Codes?
The Indian Financial System Code, commonly known as the IFSC code, is an alphanumeric code crucial for the electronic transfer of funds within the Indian banking system. This code helps in identifying specific bank branches, ensuring that electronic transactions like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are conducted smoothly and accurately.
The IFSC code acts as a guide that directs money to the right bank branch, whether it is for a money transfer to a friend, payment of a bill, or business transactions.
How to Read the Structure of the State Bank Of India IFSC Code
The IFSC code is an 11-character code consisting of three distinct elements:
- First Four Characters: These letters indicate the name of the bank. For instance, the first four alphabets in the code represent the bank's name.
- Fifth Character: This is always '0' (zero) and is reserved for potential future use in the system.
- Last Six Characters: These can be either numeric or alphabetic and identify a specific branch of the bank.
Example: An IFSC code may appear as "BANK0123456." Here, "BANK" denotes the bank, and "0123456" identifies the specific branch. This unique combination ensures that each branch of every bank has a distinct identification number, allowing the precise identification of the account's location.
How to Locate an State Bank Of India IFSC Code
Locating an IFSC code is relatively straightforward and can be done using any of the following methods:
- Cheque Book: The cheque leaves issued by your bank carry the IFSC code, usually printed on the upper section of the leaf.
- Bank Passbook: The IFSC code is typically found on the first page of the bank passbook provided at the time of opening the account.
- Official Websites of Banks: Most banks provide a search tool on their websites that allows you to find their respective IFSC codes based on branch location or branch name.
- Online Banking Portals: IFSC codes are provided in most online banking systems, enabling customers to find the code related to their bank branch.
- Mobile Banking Apps: Many banking apps allow you to view branch details, including IFSC codes.
- RBI Website: The Reserve Bank of India maintains an official list of all banks and their respective branch IFSC codes on its website.
Importance of IFSC Code in Fund Transfers
The IFSC code plays a significant role in secure and efficient fund transfers in the following ways:
- NEFT (National Electronic Funds Transfer): The IFSC code ensures that funds are transferred accurately from one account in a bank to another account in a different bank in India.
- RTGS (Real-Time Gross Settlement): The IFSC code ensures the safety and speed of high-value transactions where money needs to be transferred at once.
- IMPS (Immediate Payment Service): An instant fund transfer service where the IFSC code directs funds to the correct branch instantly.
- Error Prevention: Accurate use of the IFSC code minimizes the chances of funds being directed to the wrong account or branch, thereby reducing errors.
Benefits of Using IFSC Code
Here are the main benefits of IFSC codes you must know:
- Increased Security: Using the correct IFSC code ensures the transaction reaches the correct branch of the bank, minimizing errors or misdirected funds.
- Faster and More Efficient: IFSC codes streamline the fund transfer process, making it faster than traditional methods.
- Universal Use: Since the IFSC code system is standardized across all banks in India, it can be used for transfers between any banks.
Procedure to Perform State Bank Of India Fund Transfer Using IFSC Code
Fund transfer using an IFSC code is a simple yet vital process:
- Log in Through Online Banking: Use your mobile banking app or Internet banking portal to log in to your bank.
- Fund Transfer: Select the option for fund transfer, choosing between NEFT, RTGS, or IMPS.
- Add Recipient Details: Enter the recipient's name, account number, bank name, and the IFSC code of their branch.
- Validate Details: Verify the entered details to avoid errors. Incorrect bank and IFSC details can lead to the rejection of your fund transfer request.
- Confirm Transfer: After confirmation, the money will be transferred. Depending on the mode of transfer, the amount may be transferred within a few seconds or minutes.
How to Open a State Bank Of India Bank Account
Opening a bank account is a simple if you have the necessary documents and meet the eligibility criteria:
Eligibility Criteria
- Any citizen over 18 years old is eligible to open a bank account.
- In the case of minors, parents or guardians can open an account on their behalf.
- Non-residents are also eligible, provided they fulfill certain conditions established by the banks.
Required Documents
- Proof of Identity: Aadhaar Card, Passport, Voter ID, or any government-issued ID.
- Proof of Address: Aadhaar Card, Passport, utility bills, or any valid document proving residence.
- PAN Card: A PAN card is required for tax compliance.
- Passport Size Photographs: Usually, two to three recent photographs are needed.
- Form 16: In certain cases where a PAN card is not available, Form 16 may be considered.
Process to Open an Account
- Visit a Bank: Visit a branch of your chosen bank, or apply online if the bank offers an online application service.
- Fill Out the Form: Complete the account opening form with your personal information.
- Submit Documents: Provide documents verifying your identity and address.
- Initial Deposit: Make an initial deposit if required by the specific type of account.
- Account Activation: Once your documents are verified, your account will be activated, and you will receive a passbook, checkbook, and debit card.
- Register for Internet and Mobile Banking: Register for Internet and mobile banking services to facilitate easy transactions.
Loan EMI Calculator: Importance and Types
For anyone taking a loan, an EMI calculator is a vital and useful tool. Based on the loan amount, interest rate, and repayment period, it assists you in calculating the monthly repayment amount. You may better manage your money and make sure the loan doesn't put a burden on your resources by using an EMI calculator. It helps you steer clear of any unpleasant shocks later on by giving you a clear image of your financial commitment.
Loan Calculators
- Loan Calculator VA: Specifically designed for VA loans, helping veterans calculate their mortgage payments.
- Loan Calculator Vehicle: Assists in determining monthly payments for vehicle loans.
- Loan Calculator 30 Year: Calculates monthly payments for a 30-year loan term.
- Loan Calculator Yearly Payment: Provides an annual breakdown of loan payments.
EMI Calculators
- EMI Calculator for Home Loan: Helps in calculating the Equated Monthly Installment (EMI) for home loans.
- EMI Calculator Us: Tailored for users in the US to compute their home loan EMIs.
- EMI Calculator on Home Loan: Another tool for calculating home loan EMIs, ensuring accurate monthly payment estimates.
Interest Calculators
- Interest calculator yearly: Calculates the annual interest on loans or investments.
SIP Calculators
- SIP Calculator India: Designed for Indian investors to calculate returns on Systematic Investment Plans (SIPs).
- SIP Calculator Return: Estimates the returns on SIP investments.
- SIP Calculator Mutual Fund: Calculates potential returns from mutual fund SIPs.
- SIP Calculator Months: Provides monthly breakdowns of SIP investments.
- SIP Calculator Online: An online tool for calculating SIP returns.
- SIP Calculator Yearly: Offers yearly projections of SIP returns.
PPF Calculators
- PPF Calculator India: Calculates returns on Public Provident Fund (PPF) investments in India.
- PPF Generator: Generates detailed reports on PPF investments.
- PPF Calculator 15 Years: Estimates returns over a 15-year period.
- PPF Calculator 30 Years: Projects returns over a 30-year period.
Conclusion
An IFSC code is an essential component of the Indian banking system, ensuring the secure electronic transfer of funds. Whether you're doing a simple NEFT transfer or a high-value RTGS transaction, the IFSC code plays an indispensable role in smooth banking operations. Knowing how to find and use this code is crucial for anyone conducting electronic transactions in India.
Frequently Asked Questions (FAQs)
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify a specific branch of a bank in India. It is required for electronic fund transfers like RTGS and NEFT.
The IFSC code is crucial for ensuring safe and error-free transfers from one bank to another. It helps route transactions through the correct bank branch.
You can find the IFSC code on your cheque book and passbook or on your bank's official website. The Reserve Bank of India also publishes a list of IFSC codes.
Yes, the IFSC code is required to complete electronic fund transfers like NEFT, RTGS, and IMPS. Without the IFSC code, the transfer cannot be completed.
In Internet banking, the IFSC code of the beneficiary's bank and branch ensures safe and accurate transfers.
No, each branch of a bank has a unique IFSC code, making it easier to identify the specific branch for transactions.
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